Guideline Value for PIDARIYAR KOIL STREET

Pidariyar Koil Street guideline value

The current guideline value of Pidariyar Koil Street is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Class III Type - III.

How the guideline value of Pidariyar Koil Street has changed

The guideline value for Pidariyar Koil Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 8,000 per sq.ft, which decreased to Rs 5,360 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 8,000 per sq.ft in the 2023 revision, and then further rose to Rs 8,800 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The changes between revisions include a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median value is Rs 8,800 per sq.ft, which aligns with the guideline value of Pidariyar Koil Street for 2024.

• Pichu Pillai Street: Rs 9,300 per sq.ft (2024)
• Pichu Pillai Lane: Rs 9,300 per sq.ft (2024)
• PEYANDI AMMAN KOIL STREET (huts): Rs 3,300 per sq.ft (2024)
• Peters Road: Rs 15,400 per sq.ft (2024)
• Perumal Koil Thottam Street: Rs 3,300 per sq.ft (2024)
• Perumal Koil Thottam Lane: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Pidariyar Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 8,800 per sq.ft, the guideline value amounts to Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, making the total Rs 7,92,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Pidariyar Koil Street?

The Sub Registrar Office that covers Pidariyar Koil Street is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mylapore

The guideline value is an essential factor during the registration of property transactions in Mylapore. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is crucial to be aware of the current guideline value, as it affects the overall cost of the transaction. Buyers should ensure that they are informed about the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Pidariyar Koil Street?

The current guideline value of Pidariyar Koil Street is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 8,000 per sq.ft in 2012 to Rs 5,360 per sq.ft in 2017, then to Rs 8,000 per sq.ft in 2023, and finally to Rs 8,800 per sq.ft in 2024.

What is the land classification for Pidariyar Koil Street?

Pidariyar Koil Street is classified as Residential Class III Type - III.

What are the stamp duty and registration fees based on the guideline value?

For a property valued at Rs 88,00,000, the stamp duty is Rs 6,16,000, and the registration fee is Rs 1,76,000, totaling Rs 7,92,000.

Where is the Sub Registrar Office located for Pidariyar Koil Street?

The Mylapore Sub Registrar Office is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.